−Removed: We currently lease approximately 4,195 square feet of office space in Friendswood, Texas under an agreement that expires June 30, 2020, which we have the option to renew for an additional one-year period commencing on July 1, 2020.
−Removed: We have entered into an agreement to lease approximately 21,760 square feet of new office space in Friendswood, Texas to replace the existing Friendswood office space.
−Removed: This lease is expected commence on or prior to August 1, 2020 and has a 60-month term, with an option to renew for one additional five-year period.
−Removed: We also lease approximately 23,400 square feet of laboratory space in Phoenix, Arizona under an agreement that expires July 31, 2027, with two optional renewal periods of five years each.
−Removed: We believe our existing facilities, together with the new Friendswood, Texas office space, will be sufficient for our needs for the foreseeable future.
+Added: We have a lease agreement for approximately 23,700 square feet of office space in Friendswood, Texas that will be used as our corporate headquarters.
+Added: This lease commenced on December 1, 2020 and has a 60-month term, with an option to renew for one additional five-year period.
+Added: Additionally, we lease approximately 7,100 square feet of other office space in Friendswood, Texas under an agreement that is on a month-to-month basis.
+Added: We also lease approximately 27,100 square feet of laboratory and office space in Phoenix, Arizona under two agreements, one of which expires on July 31, 2027 and the other expires on March 31, 2028.
+Added: Each of these leases provide us with two optional renewal periods of five years each.
+Added: We believe our existing facilities will be sufficient for our needs for the foreseeable future.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.